Word: taxed
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...been here before. Graham Farquhar, a partner in Ernst & Young's employment tax division, says the mad rush "is reminiscent of what we saw during the downturn in 2001," with employees suddenly acting on perks they may have forgotten were on offer. Katarina, who lost her marketing job with a cosmetics firm in Frankfurt, joined a gym before her last day to secure a corporate discount, which saves her $40 a month. "I've been unemployed for the past month but my gym membership is still the rate of a working person's," she says...
...Washington Tax Day Tea Parties More than 235 years after a group of patriots dumped tea into Boston Harbor, thousands of protesters across the country turned out on April 15 for a series of "tea party" rallies. As many Americans hurried to beat the deadline for submitting their 1040 forms, demonstrators irked by what they consider high taxes and profligate government spending gathered in hundreds of locations. Sparked by CNBC commentator Rick Santelli's angry call for a Chicago Tea Party, the protests were organized on blogs and social-networking sites and backed by prominent Republicans...
Kudos to Joe Klein for his piece on legalizing marijuana [April 13]. The tax revenues a legal industry could generate--not just from pot but from hemp products as well--could solve major economic issues. I may have spent much of my high school years in a doobie-induced haze (and have led a successful life since, by the way), but I do vaguely recall something from history class about the repeal of Prohibition and the subsequent taxation of liquor playing a significant role in our nation's recovery from the Great Depression. Perhaps we could make that plan work...
...China's steelmakers employ some 2.5 million people, and Beijing is desperate to keep those jobs going. But U.S. and European rivals say China isn't playing fair and accuse Beijing of subsidizing steel companies, offering preferential tax rates, giving access to low-priced materials, and exempting steel firms from labor and environmental rules...
...quickly got Congress on track to pass landmark civil rights bills and create Medicare, among other things. "And you have to say that Reagan had a significant 100 days," Goodwin adds, "because he represented a clear break from the policies of the past, even if his signature legislation - the tax cuts - didn't pass until after the 100 days were over. But I don't think we've ever seen anything like Obama since Roosevelt." (See Mark Halperin's report card for the Obama Administration...